Karachi, Pakistan, 2 September 2022 – VentureDive, a global full-service technology provider, announced today that it has reached an agreement to acquire NexDegree, a data products & solutions company. With this strategic acquisition, the two companies will join forces to create comprehensive technology solutions that harness the power of data to accelerate growth.
According to industry publications, the global big data analytics market is projected to grow from $271.83 billion (€270.43 billion) in 2022 to $655.53 billion (€652.16 billion) by 2029, at a CAGR of 13.4%. Alongside this massive growth is a need for talented professionals who can analyse the data and draw inferences from it. Data analysts and data scientists are leading the way towards future innovation, mining information from vast sets of data to unlock meaningful value.
“The digital enterprise of the future is being reimagined today with the use of Artificial Intelligence (AI) making massive amounts of data actionable. In this rapidly evolving space, constantly building new capabilities is key, and NexDegree will further enhance our AI and data science capabilities to strengthen value delivery to our global clients,” VentureDive CEO Atif Azim says.
“NexDegree’s experience in data-centric value delivery for enterprise and the use of cutting-edge technologies blends naturally with VentureDive’s strengths in building world-class scalable solutions,” NexDegree CEO Imran Moinuddin says. “We are confident that by bringing our skills and expertise together, we can help global enterprise customers leverage data to solve the most challenging problems of tomorrow.”
The deal is expected to close within September 2022. Financial terms have not been disclosed.
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